Multi-Suite Flex
For Sale
Contact for pricing
24 National Hwy, Cumberland, MD 21502
Updated commercial suites offer open layouts, private offices, reception areas, and flexibility for single- or multi-tenant occupancy.
Property Size8,000 SF
Lot Size1.00 Acre
Price / SF$187.50
Days on Market124
Property Features for 24 National Hwy
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
29
Lot size
1.00 Acre
Property subtype
Retail, Self Storage
Zoning
Commercial
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$114,736
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Buildings
1
Units
35
Tenancy
Multi
Listing Agency:
JDS Real Estate Services, Inc.
(213) 446-5366
Listed By:
Jennifer Stein · License #100097638
Source:
Crexi
Added: May 1
Changed: Aug 30
Last Checked: Aug 31 at 8:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JDS Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
Located at 24 National Hwy in Cumberland, this flex-space property occupies approximately 1 acre and includes a building constructed in 1988. The interior is arranged around multiple suite configurations, with open areas, private offices, and reception spaces. Recent updates and renovations support continued commercial use, while the layout can accommodate either one occupant or multiple tenants.
The property sits along National Highway (US-40) within the LaVale/Cumberland corridor. On-site parking and easy ingress and egress support customer and business access. The surrounding commercial district is near residential neighborhoods and established retail and dining destinations, placing the property within a service-oriented business environment.
The property sits along National Highway (US-40) within the LaVale/Cumberland corridor. On-site parking and easy ingress and egress support customer and business access. The surrounding commercial district is near residential neighborhoods and established retail and dining destinations, placing the property within a service-oriented business environment.
Key Highlights
- Approximately 1 acre along National Highway (US‑40)
- Commercial zoning
- Multiple suite configurations with open areas, private offices, and reception spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$136,619
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,732,380
$2.7M
Cap Rate 7%
$1,951,700
$2.0M
Cap Rate 9%
$1,517,989
$1.5M
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$256.3K $32.04/SF
− Vacancy
−$46.1K −$5.77/SF
EGI
$210.2K $26.27/SF
− OpEx
−$73.6K −$9.20/SF
NOI
$136.6K $17.08/SF
Area
Allegany County, MD
Vacancy
18.00%
Lease Rate
$32.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,732,380
Cap Rate 7%
$1,951,700
Cap Rate 9%
$1,517,989
Alternative Uses
Best Use
Flex RnD
$1.95M
$1.71M – $2.28M
NOI $136,619 @ 7.0% cap · market cap 9.11%
Second Best
Warehouse
$1.55M
$1.35M – $1.80M
NOI $108,202 @ 7.0% cap · market cap 7.21%
Theoretical Best
Office A
$2.97M
$2.60M – $3.46M
NOI $207,677 @ 7.0% cap · market cap 13.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
71
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 21502, MD
41,153
Population
19,562
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
92.1 sq mi
ZIP Area
447
Density / Sq Mi
$58,721
Median Household Income
$39,507
Median Earnings
$771
Median Rent
$151,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Updated commercial suites offer open layouts, private offices, reception areas, and flexibility for single- or multi-tenant occupancy.
Where is this flex space located?
The property is located at 24 National Hwy Cumberland, MD.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 1 acre along National Highway (US‑40); Commercial zoning; Multiple suite configurations with open areas, private offices, and reception spaces
